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It’s not surprising that when gold and silver and the rare earth metals begin to take off, the other commodities begin to show perky life as well. “b
In one case, the “black gold” coal commodity play is beginning to take off again. Consequently, I’m going to reintroduce a rocket that failed on me recently, but which I am willing to give another try given it’s action the last couple of days. That rocket is the mercurial PCX (Patriot Coal):
Who says I don’t like to pick the Patriots? Heh.
Next I’m going to look at another old gold favourite NGD which has finally broken out (two weeks ago now) and is looking to at least equal old time highs:
Those more recent highs are at $14. I think we consolidate there and get ready to dig clams immediately upon resumption of the up move.
My last chart should be familiar as I posted it just the other day. It appears my call on REE at the $6.05 pullback was a correuct one and now REE has broken resistance after a short consolidation.
Not quite sure how far this one will launch this late in the cycle, but I think that all the rare earth metals will continue to rally. REE is one of your stronger plays in this space.
My best to you all, and good night. I’m feeling zombie-tired and I need to store energy for the SuperBowl.
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